Material producer proprietor acquires luxurious inside textiles agency | North West Offers Information

Panaz Holdings, proprietor of Lancashire-based contract cloth producer Panaz, has acquired a luxurious inside textiles firm.

Chase Erwin specialises in materials for the posh residential and business sectors and its textile collections are predominantly derived from natural textures together with silk, linen, cashmere and wool.

Overseen by Panaz Holding’s chairman, Tony Attard, Chase Erwin will probably be led by chief government Lauren Stonnell, who has returned to the enterprise to speed up the model’s strategic development goals. 

Panaz, which has been based mostly in Lancashire for 35 years, will proceed to be managed by chief government Rollie Attard, who’s liable for main the corporate’s continued growth all through the hospitality, healthcare and company markets. 

Tony Attard stated: “Panaz holdings is the company automobile that may drive the brand new group of corporations specialising within the Interiors materials business, utilizing each horizontal branding and vertical manufacturing methods. Chase Erwin suits into that technique as a result of it should use many current sources throughout the Panaz group to develop the model.

“Each Panaz and Chase Erwin have been based in 1986 upon cultures of customer support and innovation. Whereas Panaz specialises within the business sector, leisure and medical, Chase Erwin is famend for designing and manufacturing fastidiously crafted inside materials that completely encapsulate the fragile great thing about pure fibres. I look ahead to working with Lauren and the Chase Erwin group as we start our new partnership.”

With its showroom positioned in London, Chase Erwin has a longtime presence in Europe, America and Asia, with its luxurious materials distributed globally. 

Lauren Stonnell stated: “That is a particularly thrilling chapter in Chase Erwin’s wealthy historical past, as we embark on a brand new future with the help of Panaz Holdings. This funding will allow us to considerably enhance our manufacturing capabilities, while concurrently increasing our providing via the event of recent textile and equipment collections.

“Having beforehand been normal supervisor of Chase Erwin for 4 years, it’s fantastic to return to the enterprise with the help of Tony, Rollie and the broader Panaz Holdings group as we drive the enterprise ahead with new power and proceed to construct on its impeccable repute.”

Advisers for the deal haven’t but been disclosed.

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